This explains a lot

"At some point during the first two years of his administration, President Obama stopped receiving the daily economic briefing that he requested when he took office."
--in The Hill, reported by Sam Youngman.


What a novel economic strategy: ignore the problem and hope it just floats away.

You are on the hook for $534,000.

The $61.6 trillion in unfunded obligations amounts to $534,000 per household. That's more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt.--Dennis Cauchon, USA Today


How and why did we let the government screw up this bad?

Phony Numbers from POTUS

"What we found is one of the most misleading collections of assertions we have seen in a short presidential speech. Virtually every claim by the president regarding the auto industry needs an asterisk, just like the fine print in that too-good-to-be-true car loan."--Glenn Kessler (WashPost)